Cheyney University, nation's oldest black college, has plan to address money woes

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Cheyney University, nation's oldest black college, has plan to address money woes
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Nation's oldest historically black college, which has struggled with plummeting enrollment and financial woes, announces plan intended to balance the school's budget and lure new, top-tier students.

The nation's oldest historically black college, which has struggled with plummeting enrollment and financial woes, has announced a plan intended to balance the school's budget and lure new, top-tier students.

Cheyney University president Aaron Walton has outlined an ambitious fundraising campaign and sweeping changes to the school's business model. Faculty member Angela Florschuetz, center, her colleagues, and their supporters picket at Cheyney University in Cheyney, Pennsylvania, on Oct. 20, 2016.The announcements come weeks after the chancellor of the Pennsylvania State System of Higher Education told state senators that struggling Cheyney was likely to lose accreditation.

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